Bank Of Thailand's Monetary Policy Committee Unexpectedly Slashes Rate To 2.75%

[chiang mai]

Interesting that THB actually strengthened a few satang this morning following yesterdays anouncement of a rate cut, normally you'd expect the opposite. It's as though the markets have completely ignored the rate cut and it's business as usual.

i see the Baht losing 5 Satang (TT rate 30.55 vs 30.50) because of a slight Dollar strengthening vs. most major currencies.

I was looking at THB/GBP which strengthened by a couple of satang to 49.3297 (per Oanda).

[Naam]

Interesting that THB actually strengthened a few satang this morning following yesterdays anouncement of a rate cut, normally you'd expect the opposite. It's as though the markets have completely ignored the rate cut and it's business as usual.

i see the Baht losing 5 Satang (TT rate 30.55 vs 30.50) because of a slight Dollar strengthening vs. most major currencies.

I was looking at THB/GBP which strengthened by a couple of satang to 49.3297 (per Oanda).

based on cross trading because USDGBP strengthened more than USDTHB.

[kblaze]

I am only making this statement comparing what I have seen with what's happening in the US, when ever the central banks make a move, up or down, it always seems to made with someone making a pot of money off these moves. Bankers usually don't do anything that doesn't involve making a profit. It happens, but not often.

Almost anytime anything happens in the world, someone makes money. You drive your car, oil companies make money. You walk instead, and shoe manufacturers make money (shoe depreciation). Even if you sit naked in a house that is paid off...the government is making money (taxes). People will always find ways to make money.